Secondary capital represented ~54% of the identity verification startup's equity raise.
Existing investors Verlinvest and the Mirchandani family have also increased their stakes in the India-based yogurt brand.
Avendus Future Leaders Fund III, which is already 30% deployed, has invested ~$15 million in Parag Parikh Financial Advisory Services via secondary.
The Series H round will combine primary and secondary capital, giving the fintech a post-money valuation of $4.5 billion.
The deal is reportedly expected to provide liquidity to early backers, including Lok Capital and British International Investment.
The pre-IPO funding round, which included a mix of primary and secondary capital, reportedly valued the dairy producer at $1.1 billion.
The deal also drew investment from several family offices, including SRF Family Office.
The transaction, which saw participation from existing backer LeapFrog, provided early investors with an exit.
The payment solutions provider's follow-on funding was secured from WestBridge Capital.
The secondary share sale benefited 259 current and former employees of the customer engagement platform.
